MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Invests $2.30 Million in Sun Life Financial Inc. (NYSE:SLF)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,117 shares of the financial services provider's stock, valued at approximately $2,299,000.

A number of other large investors have also recently added to or reduced their stakes in SLF. Money Concepts Capital Corp bought a new stake in Sun Life Financial during the fourth quarter worth approximately $26,000. Chilton Capital Management LLC purchased a new stake in shares of Sun Life Financial in the 2nd quarter valued at approximately $30,000. Achmea Investment Management B.V. purchased a new stake in shares of Sun Life Financial in the 1st quarter valued at approximately $32,000. ST Germain D J Co. Inc. purchased a new stake in shares of Sun Life Financial in the 2nd quarter valued at approximately $34,000. Finally, IFP Advisors Inc lifted its position in shares of Sun Life Financial by 166.9% in the 2nd quarter. IFP Advisors Inc now owns 678 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 424 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Performance

Shares of NYSE:SLF traded up $0.20 during mid-day trading on Friday, hitting $54.58. The stock had a trading volume of 451,476 shares, compared to its average volume of 488,176. Sun Life Financial Inc. has a 12-month low of $44.57 and a 12-month high of $55.46. The company has a market cap of $31.86 billion, a PE ratio of 14.07, a P/E/G ratio of 1.34 and a beta of 1.01. The company's 50 day moving average is $53.46 and its 200-day moving average is $50.94.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its earnings results on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.06. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. The company had revenue of $13.73 billion during the quarter. On average, equities research analysts predict that Sun Life Financial Inc. will post 5.09 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were given a $0.581 dividend. This is an increase from Sun Life Financial's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.32 dividend on an annualized basis and a yield of 4.26%. Sun Life Financial's dividend payout ratio is presently 59.79%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on shares of Sun Life Financial in a research report on Thursday, February 22nd. They issued a "buy" rating for the company.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.